The #GooglyPrize was started with a simple goal: To bring life to the tag #GooglyEyes. And with it came the commitment to use the entirety of all funds generated through running this contest to reward the community that was forming around it.

If you're new here and you'd like to learn more about what this is all about and how it came to be, here's an old post to fill you in.

Those of you who have been with us for a while, you know we've been doing this for well over a year now, rewards fluctuate and the economy around steem changes constantly. I'm always trying my best to keep you well informed about the numbers in each new winner announcement, but the drop of the SBD print rate all the way down to 0% has made things a bit confusing as of late.

The SBD-prize-pool calculation has basically become obsolete for the moment and currently all 100% of post rewards are going directly into the delegation fund while we still continue to hand out small cash-prizes from the piggy-bank and through generous donations.

We should see the SBD print-rate come back once HF20 gets activated near the end of this month, but there's no guarantees involved and it might possibly just drop back down again.

Now, in order to make the claim of running a 100%-fair-contest more than just big words, I always like to be fully transparent on the proceeds of your upvotes. But talking about numbers isn't all too exciting and it's been over half a year since the last comprehensive report on the prize-pool-balances was issued. We are going to change that now!

Your Upvotes are Funding this Show!

and you deserve to know where that money goes

I've been keeping track of things locally all this while, and technically anyone can audit the contest through all the data that's on the blockchain already, but that's not really being transparent, is it?

Yeah, that was a rhetorical question, of course it isn't.

That's why I've decided to publish a google spreadsheet containing all the historical records and calculations for the prize-pool for anyone to view.

The table is pretty extensive, it contains links to all the winner posts ever and all the numbers you could think of... and then probably some more.

I'm afraid it might not be perfectly intuitive to read on it's own but please feel free to ask me on Discord or in the comments if something doesn't make sense to you. I'll keep the sheet updated as we go and I may try to improve it's readability along the way.

The bottom line calculations as found in the spreadsheet.And in case you want to cross-check those, find the field coordinates in brackets.out of date

STEEM

earned

used

STEEM rewards (G126)

43.035

SP rewards (H126)

365.82

delegation pool 1 (W126)

214.196

delegation pool 2 (X126)

194.658

total STEEM rewards earned(H130)

408.854

SP used in delegation-pools(X130)

408.854

So, indeed, 100% of all STEEM tokens earned with the contest are being used to run the pool for the weekly delegations to our winners.

SBD

earned

used

SBD rewards (F126)

733.490

SBD sponsored by kind souls (AB126)

18.318

SBD paid out in cash-prizes (Q130)

628.911

SBD invested in paid upvotes (S126)

145.569

SBD used for bonus prizes (AE126)

9.000

total available SBD(AB130)

751.811

total SBD expenses(AE130)

783.478

Well, and that shows how we've been using even more than just the total SBD rewards to run this show. And it also means that we can claim to run this contest, not just 100% fair, but in fact 104.21% fair now... chuckles

Credit where credit is due.

Because YOU are making this a success!

I'm stoked to see how this contest has been able to create a friendly little community around the #GooglyEyes tag. The diversity of expression and creativity that's being presented here along with the uplifting spirit of goooglyness from all around the world is pure bliss.

My biggest appreciation goes to those who keep sharing their googly creations, their googly brainfarts and their googly creatures with us, those who are able to make anything better with a pair of #GooglyEyes .

And I also want to thank each an everyone who engages with these posts and even those who just keep lurking and supporting the show silently.

Theres also a few particularly generous souls who have directly donated to the prize-pool, so I must mention the likes of @marty-art, @bucipuci, @niko3d and last but not least of course @krystle who helped to start this whole thing with her 10SBD that were given away in the very 1st issue of the #GooglyPrize.

Then, I know I'm already shilling for them in every single post, but let's be honest, an overwhelmingly large portion of the prize-pool has been generated through the continuous support by two kind steem-witnesses who believe in making the blockchain a bit googlier with genuine, creative, original content is a good thing.

THANK YOU ALL.

That's it for now, we'll see what the future holds and how we'll manage to deal with the ongoing SBD shortage. In the meantime we're running a little experiment with giving away SBI shares along with small cash prizes along the delegations. We'll have to stop using SP and STEEM exclusively for the delegation fund soon in order to sustain some liquid prize money and permanent rewards for our winners.

I'll keep you all updated on that and I'll appreciate to hear your thoughts and opinions in the comments or over on the Planet Googly Discord

oh dude, our measly spreadsheets are nothing... you should see the @steembasicincome tracking-sheet on google docs... I'm amazed how they manage to keep that whole thing running based on THAT... mind blown

Thank you @googlyeyes because we have fun doing the work but the will of God and the effort of you and the steemians that participate in what is done ... I know that now there are googlyeyes for a while although I have not won since I participated and I feel happy to participate and for every comment that we teach each week ..!

I saw what I do to have my work and mount it I do not have a cell phone and tried to borrow to participate but really thank you for teaching us and we know what is bad and good about what we do. Thanks for every suggestion we take it into account.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by fraenk from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.